Resources & Procurement Opportunities for Businesses during COVID-19
Last update: March 31, 2020
WBE Canada is collecting important resources for Canadian WBEs to support you during the COVID-19 crisis. Check back as this list will be updated on an ongoing basis.
- Government of Canada – Call for medical suppliers – List of items & services needed | Q&A re. this Call for Suppliers
- Ontario Government – Supply emergency products
- Ontario Government – Supply innovative approaches to fight COVID-19
- Ontario Government – Submit products, solutions or services to fight COVID-19
- Opportunities through WBE Canada (reserved for Certified WBEs) – Hand sanitizers, toilet paper, protective gowns, masks & gloves, cleaning supplies, IT support, and more – contact Michelle Bianchi to let her know your capabilities.
Tips & Resources
- Froese Law: Legal advice for SMEs during COVID-19
- Froese Law: Corona Virus Triggering the Force Majeure
- Froese Law: Insurance Policy Protection and COVID-19
- Williams Law: HR advice related to COVID-19
- Bowen Group: Lessons from a CEO Outlasting 4 Downturns
- Clear Concept Inc: Working Productively from Home
- Federal government – Resources for Canadian businesses
- BDC – Business continuity plan and templates
- Canadian Chamber of Commerce – Business Preparation Guide
- Public Health COVID-19 information
- BC – Support for individuals and businesses in BC
- Manitoba – Information for businesses in Manitoba
- Federal government – Overview of support for individuals & businesses
- Temporary Wage Subsidy for Employers – 3 months measure to allow eligible employers to reduce the amount of payroll deductions required to be remitted to the CRA. The subsidy equals 10% of the remuneration you pay between March 18 – June 20, 2020, up to $1,375 per employee and to a maximum of $25,000 per employer.
- Work-Sharing – Temporary special measures for the forestry and steel & aluminum sector due to COVID-19.
- Canada Emergency Response Benefit (CERB) – available to all Canadians who have stopped working due to COVID-19, whether they are EI-eligible or not. Up to $2,000/month for up to 4 months. There is a zero-income requirement. Not available to employees to quit their job voluntarily. Those who applied for EI benefits before March 15 will need to use all EI benefits before applying for CERB. Portal will be available in early April.
- Canada’s Regional Development Agencies – Support for businesses and organizations
- Canada Emergency Business Account – A loan of up to $40,000. Repayment of the loan before Dec.31, 2022 will result in loan forgiveness of 25 percent (up to $10,000). Available to businesses with $50,000 – $1 million in total payroll in 2019. More information to come.
- Loan Guarantee for Small and Medium Enterprises – new operating credit and cash flow term loans that financial institutions extend to SMEs. EDC offers a guarantee on loans of up to $5M for companies that need to access more cash immediately – contact your financial institution for more information
- Co-Lending Program for Small and Medium Enterprises – applications for loans and payment deferrals are open through BDC
- Bank Mortgage Payment Deferrals (for up to 6 months) with Canada’s large banks are available on a case-by-case basis – contact your financial institution
- CMHC Mortgage Payment Deferrals and other mortgage tools – available immediately. Contact Canada Mortgage and Housing Corporation for more information
- Alberta Government – support for businesses
- Ontario Government – WSIB Premium Payment Deferrals – all WSIB payments are deferred until August 31, 2020 with no interest or penalty. More information
- GST/HST remittances – extended until June 30, 2020
- Customs Duty & Sales tax for importers – statements of accounts for March, April, and May deferred to June 30, 2020
- Trusts, Partnerships and NR4 information returns – extended to May 1, 2020
- Existing Requirements to Pay (RTPs) – do not need to be remitted or complied by Banks and Employers until further notice
- No deferrals or exemptions on payroll deduction payments and all related activities at this time
- Income tax payment deferrals – for taxes owed between March 18, 2020 and September 2020 – until after August 31, 2020
- Penalties & Interest Relief – will be provided to those affected by COVID-19 on a case-by case basis when submitting the Form RC4288, Request for Taxpayer Relief – Cancel or Waive Penalties or Interest
- Collections activities – suspended until further notice, flexible payment arrangements can be made by (1) contacting your CRA Collections Officer or (2) calling CRA at 1-800-675-6184
- Individual – Income Tax Return Submissions – extended to June 1, 2020
- Individual – Payment arrangements are available if you cannot pay your taxes, child and family benefit overpayments, Canada Student Loans, or other government program overpayments in full
- British Columbia
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Prince Edward Island